Recently, the Meme coin market has set off a big storm, among which WIF and Shiba Inu Coin (SHIB) have become the focus of the market. The strong upward momentum of these two Meme coins has attracted the attention of many investors, once again proving the unpredictable nature of the cryptocurrency market.
In particular, WIF's price performance can be said to be against the market trend, soaring 18.7% in one day, bringing a little comfort to investors who had previously lost money. However, it should be noted that WIF's price fluctuations are also very drastic, with a volatility of up to 24.14% within 24 hours. At the same time, its trading volume has also increased significantly, rising 57.27% in 24 hours to US$386 million. The market value has also risen accordingly, increasing by 17.84% to US$1.7 billion.
On the other hand, Shiba Inu Coin (SHIB) also received major news. Its founders Shytoshi Kusama and Kaal Dhairya suddenly announced their retirement and said that the default control would be transferred to the community. This news has attracted widespread attention in the market. They explained that the decision was to make the community stronger, not to abandon the project. This means that SHIB's future will rely more on the power of the community to drive it.
Kusama stressed that SHIB's success did not rely on his personal fame, but was attributed to the power of the community. He also said that their goal was just to bring Web 2 technology to Web 3 and combine it with a popular dog breed brand. This concept seems to coincide with the future development direction of WIF, both emphasizing the leading role of the community. Kaal Dhairya also supported this view, saying that they were just ordinary investors at first, and later turned Ryoshi's idea into reality. They kept a low profile and considered themselves just ordinary community members.
These changes have had a profound impact on the market. The rise in WIF's price has reduced the risk of long positions, and analysts generally believe that this is a positive sign. For SHIB, its centralized transformation may make investors more reassured, as everyone has been worried about the decentralized control of cryptocurrencies.
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